Fabric Tempe
- Assets
- $37.0k
- Revenue
- $489.2k
- Investments
- $0.0
- Employees
- 30
- Location
- Tempe, AZ
- Founding
- Data as of
- 12/2022
- EIN
- 85-4318633
Organization Overview
Fabric Tempe is located in Tempe, AZ. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Fabric Tempe employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fabric Tempe is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Fabric Tempe generated $489.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $511.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FABRIC TEMPE'S MISSION IS TO PROVIDE APPAREL ENTREPRENEURS WITH TRAINING, GUIDANCE, INNOVATIVE INDUSTRY RESOURCES, AND ACCESS TO NO-MINIMUM AND ON-DEMAND MANUFACTURING SO THEY CAN BUILD SUSTAINABLE FASHION BUSINESSES DOMESTICALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPAREL ENTREPRENEUR FULL SCHOLARSHIPS FOR THE ORGANIZATION'S TRAINING AND RESOURCES - BENEFITS INCLUDE A TECH-BASED, DIGITAL ASSISTANT THAT PROVIDES GUIDANCE, RESOURCES, AND EDUCATION VIA A ROAD MAP OF STEPS THAT NAVIGATE BUSINESS STARTUP, BRANDING, MARKETING, PRODUCT DEVELOPMENT, AND MANUFACTURING. AWARDED TO SELECT MINORITY, VETERAN, DISABLED AND ECONOMICALLY CHALLENGED ENTREPRENEURS. APPAREL ENTREPRENEUR PARTIAL SCHOLARSHIPS TO ALSO BE AWARDED.
ALL COMMUNITY MEMBERS AND ENTREPRENEURS RECEIVE BENEFITS INCLUDING A FREE SOURCING LIBRARY, FREE BUSINESS DIRECTORY LISTING TO ALL FABRIC INDUSTRY PROS, FREE FASHION JOB CLASSIFIED ADS, FREE LOCAL FASHION EVENT CALENDAR, FREE AND DISCOUNTED EVENT SPACE TO SELECT NON-PROFITS AND QUALIFYING ENTITIES, DISCOUNTED OFFICE/STUDIO SPACE TO ALL INDUSTRY PROS, FREE AND DISCOUNTED EVENTS AND CLASSES. ALSO ACCESS TO DISCOUNTED INDUSTRY DESIGN, MANUFACTURING, BRANDING, BUSINESS STARTUP AND MARKETING SERVICES. ACCESS TO NO MINIMUM MANUFACTURING USING THE APPAREL ENTREPRENEUR DIGITAL ASSISTANT ROAD MAP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherri Barry Chairman | OfficerTrustee | 40 | $0 |
Angela Johnson Co-Chair | OfficerTrustee | 10 | $0 |
Leslie Lange Secretary | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,874 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,874 |
| Total Program Service Revenue | $477,316 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $489,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $317,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,757 |
| Payroll taxes | $91,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $600 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,333 |
| Advertising and promotion | $8,332 |
| Office expenses | $2,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,108 |
| Insurance | $2,762 |
| All other expenses | $7,886 |
| Total functional expenses | $511,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,999 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,027 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,684 |
| Total liabilities | $44,684 |
| Net assets without donor restrictions | -$7,657 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,027 |